KATHMANDU: Nepal will be receiving grant assistance of Japanese yen 376 million (approximately equivalent to Rs 350 million) from Japan for the implementation of the Project for Human Resource Development (JDS) Project in the year 2022/23.
Both parties signed and exchanged the notes in this regard during a programme at the Ministry of Finance today.
Madhu Kumar Marasini, Finance Secretary and Mr Tamura Takahiro, Charge d’affaires ad interim of Japan to Nepal signed the documents on behalf of their respective Governments.
On the same occasion, the grant agreement to this effect was signed by joint-secretary Ishwori Prasad Aryal of International Economic Cooperation Coordination Division, Ministry of Finance and Mr Tanaka Tomoko, Senior Representative, JICA Nepal, the Ministry of Finance said in a press release today.
The Government of Japan has been providing such scholarship grants to the Government of Nepal in a phase-wise manner. Under the first phase of the project, 80 civil servants have already completed their Master’s Degree and returned home.
This grant will be utilized to administer the scholarship programme, including for payment of the university tuition fee, living allowances, settlement allowances, insurance and other basic allowances as well as supply of educational materials for 22 candidates (20 for Master’s degrees and 2 for PhD degree) to pursue their degrees in various Japanese Universities.